Transparency Market Research (TMR), a leading market intelligence firm, has published a new report providing valuable insights on the prevailing dynamics and growth prospects of the global glass door refrigerators market. The report is titled, “Glass Door Refrigerators Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” and is available for sale on the company’s website.
Browse the full “Glass Door Refrigerators Market (Capacity - 0.5 - 3 ft3, 3.1 - 6.0 ft3, 6.1 - 9.0 ft3, and Others; Retail Channel - Hypermarket, Super Market, Convenience Stores, Restaurants, and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 report at https://www.transparencymarketresearch.com/glass-door-refrigerators-market.html
A glass door refrigerator is like any other commercial food grade refrigerator performing similar tasks. However, all outer doors, or at least the frontal portion of the outer doors, in this refrigerator are made from glass. These doors are either hinged or sliding. These refrigerators are designed to allow the display of products that require cold storage in retail outlets. The rising demand for cost-effective and energy-efficient refrigeration systems to optimize workflow is the prime driver of the global glass door refrigerators market.
The TMR report has pegged the valuation of the global market for glass door refrigerators at US$6.53 bn in 2014. Rising at a robust CAGR of 8.6%, the market is expected to reach US$13.66 bn by 2023.
Glass door refrigerators are widely deployed across retail channels where the demand for cost-effective and energy-efficient refrigeration systems is high. These refrigerators offer solutions for both display and storage of products. Commonly used in grocery stores, supermarkets or hypermarkets, catering businesses, hotels and restaurants, and non-conventional outlets such as kiosks/local grocers and gas stations, the demand for glass door refrigerators is substantially rising in response to the expansion of the retail sector.
Beside this, the practice of deploying glass door refrigerators in the biomedical sector for the purpose of storing drugs or specimen is also picking up. This has been facilitated by the development of refrigerators with advanced critical temperature control features. The market for glass door refrigerators is also gaining from the rapid proliferation of cafes and food chains and changing food consumption trends. The rising demand for frozen as well as perishable food is expected to positively influence the global glass door refrigerators market.
Based on capacity, the report segments the global glass door refrigerators market into 6.1 – 9.0 ft3, 3.1 – 6.0 ft3, and 0.5 – 3 ft3. Of these, the 3.1 – 6.0 ft3 segment held 30% of the market in 2014, thereby emerging as the dominant segment. The refrigerators segment is expected to surge at a CAGR of 9.4% during the forecast period. In terms of retail channel, the hypermarkets accounted for a dominant share of 32% in the market in 2014.
Regionally, Asia Pacific dominated the global glass door refrigerators market in 2014, accounting or a share of more than 41%. The rising demand from emerging economies such as India, Japan, Australia, China, and South Korea will aid the expansion of the glass door refrigerators market in the region.
To present a holistic report on the prevailing competitive landscape, the report also profiles companies such as Hussmann International, Inc., Manitowoc Company, Inc., Beverage-Air Corporation, Lennox International, and others.
The global glass door refrigerators market is segmented as follows:
Glass Door Refrigerators Market Analysis, by Capacity
Glass Door Refrigerators Market Analysis, by Retail Channel
In addition, the report provides cross sectional analysis of the glass door refrigerators market with respect to following geographical segments:
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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